A sporting goods store marks up the cost s of soccer balls by 250%. Write an expression that represents the retail cost of the soccer balls. The store sells soccer balls for $5.00 each. What is the retail price of the soccer balls?
Answer:
Retail price of the balls = $1.43 each
Step-by-step explanation:
Cost of the soccer balls = s
Cost of the soccer ball is marked up by 250% then selling price of the balls = s + 250% of s
= @@MATH_TOKEN_0@@
= s + 2.5s
= 3.5s
So the expression representing selling price of the balls after mark up will be = 3.5s
If selling price of the balls is $5 each then we have to find the retail cost of the soccer balls.
5 = 3.5s
s = \(\frac{5}{3.5}\)
= $1.43
Retail price of the balls will be $1.43.